PROJ00112 App Letter

• Contract/PO #: C153767
• Contractor Name: River Oaks on the Roaring Fork Property Owners Association
• Contract Type: Loan
• Water District: 38
• County: Eagle
• Bill Number: SB 97-008
• Loan Projects - Doc Type: Approval Letter

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
131 3 Sherman Street
Denver, Colorado 80LOJ
Phone: [phone]
FAX: [phone]

STATE OF COLORi\DO
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Roy Romer
Governor

December 19, 1996

Jilml.'sS.lochheild
EXl'cutlve LJirector. DNR
DilriesC lilt', PE
Dlr('clol, (\NeB

Mr. Bud Eylar, President
River Oaks on thc Roaring Fork POA
180 River Oaks Lane
Basalt, CO 81621

RE: Raw Water Irrigation System
Loan Recommendation

Dear Mr. EylaL

Concerning your application for a loan from the Construction Fund, I am pleased to inform you
the Colorado Water Conservation Board (CWCB) has decided to recommend your request for
$25,500 to the Ciclleral Assembly for consideration in the annual Construction Fund Bill, It is
our understanding these funds will be used to construct a raw water irrigation system for the
subdivision,

The CWCB approved a loan term of 10 yeats at an interest rate of 4,75%, I have attached a
copy of the updated 80ard memo concerning the River Oaks on the Roaring Fork POA, Please
refer to page 2 of that memo and to the section "Action Taken by the CWCB, November
25,1996",

When the Board recommends your loan request to be included in the Construction Fund Bill,
there remain sn eral conditions:

a, The bill must be approved bv the General Assemblv and signed by the Governor.
This is usually accomplished around June 1st

b, You must adhere to the CWCB Guidelines for Financial Assistance, A copy of our
guidelines has been provided to you,

c, The Feasibility Study must be completed, John Van Sciver will draft the feasibility
study, John will request your assistance with revisions to the study so that it
complies with the Guidelines and statutory requirements,